Summary
- Apple shares have underperformed the large-cap tech space since 2023, and analyst revenue estimates are their lowest in a number of years.
- Shares trade at a more than 10% premium to its big cap tech peers when looking at calendar 2025 street expected earnings per share.
- Apple will need to rely on significant product upgrades to drive decent revenue growth in 2025.
With a little under three weeks to go in 2024, shares of technology giant Apple (NASDAQ:AAPL) are up a little less than 29% on the year. I am a market enthusiast and part-time trader. I started writing for Seeking Alpha in 2011, and it has been a tremendous opportunity and learning experience. I have been interested in the markets since elementary school, and hope to pursue a career in the investment management industry. I have been active in the markets for several years, and am primarily focused on long/short equities. I hold a Bachelor of Science Degree from Lehigh University, where I double majored in Finance and Accounting, with a minor in History. My major track focused on Investments and Financial Analysis. While at Lehigh, I was the Head Portfolio Manager of the Investment Management Group, a student group that manages three portfolios, one long/short and two long only. I have had two internships, one a summer internship at a large bank, and another helping to manage the Lehigh University Endowment for nearly a year. Disclaimer: Bill reminds investors to always do their own due diligence on any investment, and to consult their own financial adviser or representative when necessary. Any material provided is intended as general information only, and should not be considered or relied upon as a formal investment recommendation.
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